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Search Results 0 to 10 of about 11 (some duplicates have been removed)
for the price. >> peter, to what degree do you think opec is able to manage prices? do they want them to be higher than they are or are they happy with the current levels? >> opec is happy with the current levels. saudi has been quite public over the last several years saying that it sees around 100 for the opec basket, a little bit more than that for brent, as being a fair price. much more than that, it starts to get concerned about impacting demand. lower than that it obviously impacts the revenues for social spending, as well. and i think opec has apparently been able to manage that but i think on its own, opec is unable to maintain that price if there are real pressures on the demand side. so i think the fact that we've had relative stability around 100, 110 dollars brent is a testimony not only for opec's ability to manage the price, which sink marginal, but a confluence of interests at the moment between both producers and suppliers that this meets somewhere fairly in the middle. >> peter, we've been fairly volatile. a lot of that's down it tto the o geopolitics. and i assume th
with all the tension going on at the opec meeting in vienna now. you know, wti higher by 41 cents. 86.20 per barrel. london, 108.53. a gain of.5%. the treasuries and ten-year yield now is -- very close to 1.7%. decline of 1/8 point. the dollar is mixed across the board. 82.84 for every dollar. the pound would cost you $1.61. the price of gold this hour is higher by $5.20. a gain of .3%, 1,714 per ounce. time for the global markets report. kelly evans is standing by in london. >> michelle, hello. >> you might be here 12-12-2110. >> i think the date is 1221? today is 12-12. 12-21 it when the world ends. i think we've only got nine days left of the global market report. >> i'm worried about the fiscal cliff -- once we get the world -- which is worse? the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%.
on the throne. her diamond jubilee marked the beginning of britain taking center stage. and at the london opec the queen had a starring role. >> good evening. >> good evening, your majesty. >> reporter: the queen shows little sign of slowing down,y about her oldest grandson now has to choose between his job as a helicopter pilot and becoming a full-time royal. >> the queen at 86, of course, is key for prince william to get more involved in the workings of the royal family. >> reporter: we know prince william will definitely have a new role in 2013. he'll become a dad. whatever the coming year brings for the royals, there will be at least one reason to celebrate. for "today," nbc news, london. >> it has been an amazing year for them. although the james bond image, the first that comes in my mind now. >> oh, from the -- >> whenever i see -- >> the queen. i loved it. it was cute. getting a little bit more life out of him there. fun. >>> up next, from "call me maybe" to "gangnam style" the lo year in social media. first these messages. ♪ ♪ spread a little love my way ♪ spread a little someth
, the opec secretary said he doesn't see any threat from u.s. shale product, this after the uae minister has suggested a response from the oil ministers in vienna. gary ross, welcome. >> nice to be here. >> the shale revolution in the u.s., is it a game changer as much as we're hearing from jamie dimon, arcelormittal? do you think this is going to make the u.s. energy independent, almost? >> well, we think it is. it's huge. we've statemented about 11110 billion pounds of recovery oil from shale crude. u.s. product will be going up overall, about a million barrels a day in 2013. about 65% of it will be shale crude. and it will continue to grow. >> people should understand we're not just talking about gas. we're talking about methods that's right.extract more oil. gas is clearly surplus. we're going to have l&g exports in the united states. we have a long-term growth phenomenon for natural gas. what people don't realize is how huge the oil is. when we talk about $110 billion of recovered oil, that's on 7.5% recovery rate. the resource itself is huge. it's not just the united states. it's all o
is the supply side. at the moment, really we've got to see what opec wants to do. last year, the impact of the embargo wasn't -- was like a six week impact and it was forgotten about very quickly. and if you think about it, last year was a very, very steady year for oil prices. wti, as you said, is going to post the lowest rise in several years. in fact, i looked back in my forecast that i had for wti at the beginning of 2012. and it was $111 $a barrel. i moved it down to $110 in the middle of the year thinking it might get a little weaker and poked around and did absolutely nothing. >> i wonder whether the question is going to come back again into the oil markets given that we're looking at the israeli elections coming up in january. but back to the u.s. story, i find it hugely interesting, this notion of u.s. becoming energy independent on its own. do you really think it will happen? because i still talk to a couple of people in the oim and gas industry that say, you know what? it's a far cry from the reality out there. we're still going to see the middle east being the dominating oi
with the opec meeting. in addition to the fed that comes out tomorrow. the expectation is, that opec will leave their current quota unchanged, around 30 million barrels per day. the actual production, around 31 million barrels a day. there may not be any change to that. the key will be what happens in terms of the election of a new secretary-general and saudi arabia in the running for that as well. back to you. >> thanks very much, sharon epperson. i did want to look at shares of largest for-profit hospital in the country. a secondary offering this morning. hga finds itself in the of so many movements of the capital structure, reflective of the 250i78s. don't forget, they borrow at incredibly low rates not long ago, $1 billion, to pay a special dividend. you want to pay a special dividend prior to any tax increase on dividends as well. capital gains figuring into that debate, let's call it at this point that we've been detailing down in d.c. with our "mission critical" coverage. this morning, two of the owners of hca, it was a huge leverage back in '05, and '06, almost four times their money at
supporter of facing compliance. we want to smooth the transition from an opec, unregulated market to a transparent regulated market place. as chairman bachus said if i can quote you, you want to make it operational, sink together and function. so in the midst of that implementation and its of pasta, it's a natural order of things that many market participants have sought further guidance. sometimes the questions, early. but as all of us know, as we're all in school at one point, sometimes we do our papers late come into the night, the day before it is too. and that's just human nature. we will address questions that come up early, and will do our best to address them even if they come up late. prior to a milestone on october 12 commend this milestone was just because the sec and s. -- the cftc finished the foundatiofoundatio nal definition rules, the definition of swapping swap did and so forth went into effect on october 12. we got a lot of those questions, some early, some late. along with my fellow commissioners and staff can we sort through about 20 issues, and i think we sort
pointing going into 1q, the reason, it sort of rhymes in the spirit of the season. you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in the meantime, you have a lot of other issues beyond the fiscal cliff. debt ceiling issues, if not resolved in the negotiation looming. and relatively long stocks here in the u.s. perhaps the most interesting part, becky, is to look at the convergence between light and heavy grades here in north america. we have a lot of light oil. and we're actually potentially short of heavy oil. so seeing convergence within that downward trend means there could be a bid for heavier. >> you would guess that would certainly hurt demand. >> sure. offsetting weakness in the dollar would lift the crude price based on historical trends, of course. yeah, it would be a significant blow, and when we're looking at 370 plus barrels of commercial inventories
's where crude oil breaks out to the upside. we start to get an upward trend. opec's 2013 target is around $100. i think we'll move up into the mid-90s and probably press through that $100. one of the burdens we have is we do have an abundance of supply in the u.s. the u.s. won't export any crude oil, but i think the possibility of us starting to consume more, would drive and help support those higher prices. >> when you put on those longs, i'm wondering, because this week is a holiday shortened week. congress is coming back on the 27th. is this a trade for 2013? >> yeah, it is more of a trade for 2013. i wiould start to look at fartherer out contracts, to like december 2013, and play the entire year's action, just by being long that one contract. but i would strongly wait until after the beginning of the year, because of the weaker volume, the lack of participants. and i think that the price is really going to shop around. >> nat gas prices taking a step back. what do you see in the immediate future and what is the main catalyst here? the weather seems to be sort of calm. >> yeah. that's
to roosters in a small pen say size each other up and one sees the pebble that needs pact and opec it that is displacement because he would rather not fight. that theory is displacement behavior we would give you an opinion that is 100 pages long and will take forever we're displacing the energy for cyber war to legal abstract debates generals are on the sidelines tell me what i can do? this is the wrong way to treat lawyers. their effective use say we thought would take to win the cyber war. the only way to win is due this is a viggo? then you'll get useful legal advice they will find a way to say yes because most not want to cause us to lose but if you wait you'll never know where you can do this is where we are today. >> what is the baker p.o. of the rooster matches? [laughter] >> thank you for putting this together and this book so many issues that we have a very complex we have to access to us by the fact we have a better shot to access the broader audience and they do have the stars there and want to congratulate the chief cat to herder to get people to write these articles o
Search Results 0 to 10 of about 11 (some duplicates have been removed)